VANCOUVER, British Columbia, Sept. 23, 2025 (GLOBE NEWSWIRE) -- Zacatecas Silver Corp. (TSXV:ZAC, OTC:ZCTSF) (the "Company") is pleased to announce that it has closed the first tranche of its previously announced private placement financing by issuing a total of 38,449,335 units ("Units") at a price of $0.06 per Unit for gross proceeds of $2,306,960. The Company anticipates it will complete the final tranche by September 29, 2025.

Each Unit consists of one common share (a "Share") and one common share purchase warrant (a "Warrant"), with each Warrant exercisable at $0.10 per Share for a period of two years from the date of issue (the "Expiry Date"). The Company has the right to accelerate the Expiry Date if, at any time, the volume weighted average price of the Shares on the principal exchange or market on which the Shares trade is equal to or greater than $0.20 for 20 consecutive trading days ("20-Day Period"). In the event of acceleration, the Expiry Date will be accelerated to a date that is 30 days after the Company issues the acceleration notice through a news release, provided that the acceleration notice is issued within 10 business days after the end of the particular 20-Day Period.

Under the first tranche of the private placement, the Company paid finders fees of $113,297.19 and issued 1,888,286 non-transferable finders share purchase warrants exercisable for a period of two years from the date of issue. The securities issued under the ...